Medical practice management 101 – How to assess financial health
Abstract: Most often, it’s assessing the financial health of their practice that eludes many physicians. Timely, accurate financial reports can be invaluable tools for assessing a practice’s financial health. Different reports used on a daily, weekly and monthly basis provide vital information for day-to-day management of a practice. Each kind of report offers different information that’s important to financial analysis. But good old-fashioned budgeting is also crucial.